Quote from eurusdzn:
Euro higher and higher has gotta stop else SP500 goes higher. . euro/spy and bonds/dollar locked and synced up nicely here.
Maybe "he", "they" , want or can tolerate some inflation here.
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Why do you think the rise in eur is directly related to the stock market rise?
Ron,
Jan25th , German PMI was stronger than expected. EUR/USD
up over 120 pips overnight breaking out from 134. Bonds and dollar puked big overnight.
Post-mortum , looking back, this seems like a catalyst (gas on a fire) event that has really
changed the tone of the dollar and especially bonds.
Dollar index, and treasuries seems to be looking to break out to the downside.
I view SP500 as another asset classs correlated with the bonds
, euro , dollar in textbook fashion right now with a nod and a
wink from the planners. I dont see the SP500 about earnings, jobs etc. Definitely toooooo much Zerohedge for me.
Euro higher and higher has gotta stop else SP500 goes higher. . euro/spy and bonds/dollar locked and synced up nicely here.
Maybe "he", "they" , want or can tolerate some inflation here.
--------------------------------------------------------------------------------
Why do you think the rise in eur is directly related to the stock market rise?
Ron,
Jan25th , German PMI was stronger than expected. EUR/USD
up over 120 pips overnight breaking out from 134. Bonds and dollar puked big overnight.
Post-mortum , looking back, this seems like a catalyst (gas on a fire) event that has really
changed the tone of the dollar and especially bonds.
Dollar index, and treasuries seems to be looking to break out to the downside.
I view SP500 as another asset classs correlated with the bonds
, euro , dollar in textbook fashion right now with a nod and a
wink from the planners. I dont see the SP500 about earnings, jobs etc. Definitely toooooo much Zerohedge for me.